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$4,533 (target)

247 Lanyard Ln, Belmont, NC 28012

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Mid-Term investment with a projected -14.1% first-year return on $195k initial cash invested.

-14.1%

Cash On Cash

3.03%

Cap Rate

0.5

DSCR

$4,533

Rent

-$2,294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,533 income − $6,827 expenses = $2,294 out of pocket

Income$4,533Out of Pocket$2,294Mortgage P&I$4,24694%Property Taxes$61414%Insurance$3017%HOA$1253%Management$54412%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49911%

Investment Breakdown

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Purchase Price

$844k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$169k

Closing costs

1%

$8,440

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,533

Total Expenses

$6,827

Mortgage P&I

94%

$4,246

Property Taxes

14%

$614

Home Insurance

7%

$301

HOA

3%

$125

Property Management

12%

$544

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$499

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